AMSTERDAM, Netherlands (AP) -- ASML Holding NV, a key supplier to Intel Corp. and other computer chip makers, says it is slashing 1,000 jobs, mostly at its headquarters in the Netherlands and a manufacturing plant in Connecticut.
The company said Thursday that the job cuts, which represent more than 10 percent of its global work force, are needed because of a plunge in orders.
ASML also warned that its fourth quarter sales would be between $633 million and $703 million, down from the $772 million the company projected on Oct. 15.
Most of the job cuts will be among staff on temporary contracts at ASML's headquarters in the central Dutch city of Veldhoven and at a manufacturing plant in Wilton, Conn. A training site in Tempe, Ariz., will be closed.